Celerity Systems Announces Additional Pentium Mediator Sales to US Navy.

KNOXVILLE, Tenn.--(BUSINESS WIRE)--March 24, 1999--Celerity Systems, Inc., (Nasdaq: CLRT) today announced the sale of $13,635 in additional Mediator(TM) units to the US Navy through a contractor, Comstor/ITC. These Pentium(TM) Mediator units, an enhanced version of the product the Navy has been buying for several years, offer a faster processing speed than earlier designs, and are beginning to be widely used by the US Navy and by other companies.

Celerity Systems, Inc., located in Knoxville, Tennessee, designs, develops, and manufactures digital video servers and digital set top boxes for the interactive video services and high speed Internet industries. Through partnerships with leading companies including Nortel, Minerva, Battelle Laboratories, Fore Systems, and Cisco, Celerity Systems, Inc., provides end-to-end solutions for interactive video and high speed Internet applications. Celerity Systems also, through its CD ROM division, designs and produces CD ROM software for document image storage, manipulation, and distribution, including the Mediator.

For more information about Celerity Systems, Inc., contact Margaret Anderson, Director of Marketing, 1400 Centerpoint Boulevard, Knoxville, Tennessee 37932. Phone: [phone], Fax: [phone], email: [e-mail].

This press release contains forward-looking statements. Such statements involve various risks that may cause actual results to differ materially from those expressed in such forward looking statements. These risks and uncertainties include, but are not limited to: market demand for the Company's products, successful implementation of the Company's products, competitive factors, the ability to manage the Company's growth and the ability to recruit additional personnel and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, including but not limited to, those described under the caption "Description of Business - Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 1997.